How to price lit sign boxes properly?

[biggmann]

We always price sign boxes we build buy taking each component such as ballast, lamps, sockets etc taking the cost adding our markup percentage added to each component so lets say we buy a ballast for $50 markup to $80, lamps for $10 markup to $15 and so forth and add all that together with the labor to build and all the aluminium and the sum is our price. I am going over all procedures at the shop because just because that's how its been done doesn't mean its right. Is this how most everyone does their pricing or we were told about another way but im not too sure about this, take the cost of components, labor, material add that all together and add markup to that sum. What is the standard way of pricing jobs like that.

 

[Z SIGNS]

We price our signs with a fair amount of profit in mind.

Hope this helps

 

[player]

Time and material cross referenced with square foot pricing, plus a "what you want" pricing.

 

[J Hill Designs]

are you a UL (or canada equiv) approved shop?

 

[biggmann]

are you a UL (or canada equiv) approved shop?

we have an inspector come in and certify the boxes for us (another expense)

 

[earplug]

We always price sign boxes we build buy taking each component such as ballast, lamps, sockets etc taking the cost adding our markup percentage added to each component so lets say we buy a ballast for $50 markup to $80, lamps for $10 markup to $15 and so forth and add all that together with the labor to build and all the aluminium and the sum is our price. I am going over all procedures at the shop because just because that's how its been done doesn't mean its right. Is this how most everyone does their pricing or we were told about another way but im not too sure about this, take the cost of components, labor, material add that all together and add markup to that sum. What is the standard way of pricing jobs like that.

If your Markup % is the same for all components then (Total Cost of Components) X (Markup) = (Sell Price) + (Labor) = (Total Selling Price)

If your Markup % is different for the components, like your example where Ballast is 1.6 and bulbs are 1.5, then your current method is what is needed.

 

[J Hill Designs]

price it as high as you possibly can without breaking out in laughter, and then say 'plus install'